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Abu Dhabi's TAQA buys 53.2 pct stake in Iraqi Kurdish oil block

Published: 01 Dec 2012 - 09:29 am | Last Updated: 05 Feb 2022 - 10:29 pm

ABU DHABI: Abu Dhabi National Energy Co (TAQA) has acquired a 53.2 percent operating interest in an oil block in Iraqi Kurdistan from General Exploration Partners (GEP), the company said in a statement.
 
"This entry into a pure exploration play demonstrates how TAQA is leveraging its experience as an operator of complex oil and gas assets," said TAQA CEO Carl Sheldon in a statement. (Reuters)